Indian Bank Revises Interest Rates

Posted By:
Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    Public sector Indian Bank has revised the interest rates on foreign currency non-resident banking deposits with immediate effect.

    For FCNR (B) deposits, in USD terms, the interest rate has been fixed at 2.44 per cent for deposits of one year and above but less than two years from the existing 2.45 per cent. Ten Banks That Have Slashed Interest Rates On Savings Bank Accounts

    Indian Bank Revises Interest Rates

    "For deposits of two years and above but less than three years, interest rates have been fixed at 2.56 per cent from existing 2.60 per cent," the city-based bank said in a release.

    Interest rates for deposits of three years and above but less than four years have been revised to 2.67 per cent from existing 2.75 per cent. For deposits of four years and above but less than five years, the interest rates have been revised to 2.75 per cent from current 2.86 per cent. For deposits of up to five years, the interest rates have been fixed at 2.84 per cent from existing 2.96 per cent, the release added.

    4 Banks That have Slashed Savings Bank Account Interest Rates

    Read more about: indian bank interest rate
    Story first published: Saturday, September 2, 2017, 15:48 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more